ECONOMIC DEPENDENCY

3 Months Ended

Jan. 31, 2021

Risks and Uncertainties [Abstract]

ECONOMIC DEPENDENCY

NOTE 10 - ECONOMIC DEPENDENCY (restated):

Approximately 26% of the Company’s sales were derived from six customers during the three months ended January 31, 2021. These customers also accounted for approximately $2,404,000 of the Company’s accounts receivable balance at January 31, 2021. Approximately 27% of the Company’s sales were derived from six customers during the three months ended January 31, 2020. These customers also accounted for approximately $2,651,000 of the Company’s accounts receivable balance at January 31, 2020. Concentration of credit risk with respect to other trade receivables is limited due to the short payment terms generally extended by the Company, by ongoing credit evaluations of customers, and by maintaining an allowance for doubtful accounts that management believes will adequately provide for credit losses.

For the three months ended January 31, 2021, approximately 29% of the Company’s purchases were from five vendors (of which one vendor was at 10%). These vendors accounted for approximately $748,000 of the Company’s accounts payable at January 31, 2021. For the three months ended January 31, 2020, approximately 29% of the Company’s purchases were from six vendors. These vendors accounted for approximately $633,000 of the Company’s accounts payable at January 31, 2020. Management does not believe the loss of any one vendor would have a material adverse effect of the Company’s operations due to the availability of many alternate suppliers.

The following table presents revenues by product line in the three months ended January 31, 2021 and 2020

	January 31, 2021		(As previously reported) January 31, 2020		(As restated) January 31, 2020
Green	$	6,603,875	$	6,785,576	$	6,290,979
Packaged	$	11,529,962	$	12,499,925	$	10,836,064
Totals	$	18,133,837	$	19,285,501	$	17,127,043